Adelaide remains the most consistent but also the most underrated housing market, according to the latest Hotspotting report.
The report states that the capital of South Australia has been consistent with its sales activities and continues to show steady growth in prices.
"It saw house price growth in 11 of the 12 months of 2020 and overall a 6% increase in the city's median price," the report says.
In the past year, two-thirds of Adelaide locations have seen gains, with affordable locations leading the market.
For example, the suburbs of the city of Playford posted robust gains, with Munno Para reporting the strongest growth with 16% to $ 260,000. Elizabeth Downs followed, her median price rising 11% to $ 195,000. Andrew Farms home values ??also rose 8% to $ 280,000.
Some suburbs at the upper end of the market also saw price increases, with Norwood seeing the strongest growth at 27% to $ 1.02 million. Prices at Toorak Gardens and St. Peters also showed respective gains of 15% to $ 1.5 million and 13% to $ 1.37 million.
"The suburbs experiencing above-average growth over the past year are dispersed throughout the Adelaide metropolitan area, covering a price range. So there is a lasting force in the market Adelaide, everywhere, "the report says. ]
Top suburbs:
queens park
,
Canterbury
,
mt colah
,
superior cedar
,
Hebersham
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